Here are 10 Things You Should Know About Oil and Gas Today:
The Big Story
There are actually two big stories today: 1)The price of oil has crashed below $12 per barrel amid concerns that global crude storage capacity will fill during May, and 2) today is the 10th anniversary of...
Here are 10 Things You Should Know About Oil and Gas Today.
The Big Story
A federal judge appointed by Barack Obama struck down a key permit allowing the Keystone XL pipeline to move forward, claiming that it was issued without a proper environmental impact assessment. This is nonsense and the...
Pioneer Natural Resources and Parsley Energy requested a hearing by the Texas Railroad Commission to consider cutting production of crude oil in the state. The hearing on April 14 lasted more than 10 hours, and the three commissioners heard from 55 speakers who had something to say on the...
Here are 10 Things You Should Know About Oil and Gas Today:
The Big Story
The dramatic drop in oil and gasoline consumption has U.S. storage capacity at 65% full and filling rapidly. If the government does not move to reopen the economy soon, crude oil storage could be filled by...
Here are 10 Things You Should Know About Oil and Gas Today:
The Big Story
After a 10-hour-long hearing during which over people offered verbal testimony, the Texas Railroad Commission on Tuesdayleft pending the decision on whether or not to attempt to restrict Texas oil production via its prorationing authority.
RRC hears...
Here are 10 Things You Need to Know About Oil and Gas Today:
The Big Story
In the wake of the OPEC+ nations agreement to cut global supplies of crude oil by roughly 10%, and with analysts predicting the U.S. will lose between 2 million to 4 million bopd over the...
10 Things You Should Know About Oil and Gas Today:
The Big Story
Over the weekend, the OPEC+ countries finalized an agreement to cut roughly 10 million barrels of oil per day (bopd) of supply in an effort to eventually rebalance the global market. When combined with the 3 to 5...
This Tuesday's hearing of the Texas Railroad Commission to consider the restriction of Texas oil production through its powers to enforce prorationing represents a key moment in the oil industry's history. The days leading up to the hearing have resulted in the filing of public comments by dozens of...
Let’s be honest: The so-called OPEC++ agreement to cut 10 million barrels of oil per day from global crude oil supply is a half-measure. Really, with Rystad Energy reporting that demand for oil will drop by 27 million bopd from January 1 levels during April, calling it a half-measure...
COVID-19 is taking a huge, greedy bite out of global energy demand. The seriousness that world governments have shown in their defensive and offensive actions combating the virus may be keeping us safer than we would otherwise be, but it is reducing our need for oil to amazingly low...
